Costain has begun an enhanced transfer value exercise as part of a raft of measures designed to cut its pension scheme liabilities by £50m.
The engineering firm is also offering pension increase exchanges and has contributed its holdings in two private finance initiative investments worth more than £20m to the scheme as contingent asse...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date